Nimish Jhaveri, Competitiveness Project COP; Marcia Wong, USAID Economic Growth Director and Simon Avramovski, Point Pro Director, speaking at the Conference |
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On September 24, 2008 the USAID Competitiveness project organized the “Innovative Services in Corporate Financing” Conference. Leading Banks and Investment Funds from Macedonia and the region, (including NLB Tutunska Banka, NLB Leasing, Stater Banka, SEAF Macedonia, Global Finance Bulgaria) presented new financial products and services in corporate financing to more than 50 companies attending the Conference.
At the conference, local consulting company Point- Pro, hired by the Competitiveness Project, presented the gaps and constraints in the financial market using case studies of Macedonian Small and Medium Enterprise (SME) companies. |
The Competitiveness Project presented the Financial Platform, a set of interventions structured to provide assistance to companies in assessing capital needs for business growth and developing practical strategies to access commercial credit, equity finance, and new, innovative financial products being introduced in Macedonia.
“Having access to a wide range of financial products makes the difference between survival and failure for a great number of Macedonian companies. And for those that are competitive, acquiring financing may make the difference between expanding into international markets and generating new jobs and exports, or missing the opportunity altogether”. – said Marcia Wong, USAID Economic Growth Office Director.
“The economic development of each country is based on local companies using different financing models to expand business operations. Leasing is a new financial product in the Macedonian market that is a globally recognized financing product which can be adjusted to any type of business. The flexibility of leasing and various financing models enable optimal solutions that are just now being recognized in the Macedonian market“- said Maja Lape, NLB Leasing.
Conference on innovative services in corporative finance
September 24, 2008
Skopski Saem |
Agenda
12.30-13:00 |
Arrival and registration of participants at Skopje Fair, Multi Business Center, Diplomatic Hall |
| 13.00-13:05 |
Opening remarks |
Nimish Jhaveri, Chief of Party
Competitiveness Project |
| 13.05-13.15 |
Key note speech |
Marcia Wong, Director USAID Economic Growth Office |
| 13.15-14.00 |
Presentation of MCP Financial Platform pilot project cases and outlining the key issues related to Macedonian Financial services market |
Simon Avramovski, Point Pro Consulting |
| 14.00-14.30 |
Financial Services Opportunities - company experience |
Savo Stankovic, President of High-Tech Corporation Viktor Petkov, Owner and Manager of VIPRO Vanco Conev, Manager of Arlen - Delcevo |
| 14.30-14.45 |
Project financing approach |
Elena Naumovska, Tutunska Banka |
| 14.45-15.00 |
Coffee Break |
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| 15.00-15.15 |
New Financial Services in Macedonia, presentation on Leasing products |
Maja Lape, NLB Leasing |
| 15.15-15.30 |
New Financial Services in Macedonia – Investment banking, |
Nadica Ivanovska, STATER Banka |
| 15.30-15.45 |
Small Scale Equity Financing, Macedonian experience |
Dejan Kalenikov, SEAF Macedonia |
| 15.45-16.00 |
Small Scale Equity Financing, Bulgarian experience |
Pavel Velkov, Global Finance, Bulgaria |
| 16.00-16.30 |
Objectives of the Financial Platform and overview of MCP Financial Platform services, |
Mirjana Makedonska, MCP Market Linkages and Investment Support |
| 16.30-18.00 |
Cocktail and Networking |
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